INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Markets do rebound after a conflict, as history has shown. We haven't learned how to forecast the conclusion of a conflict or its consequences from history. The invasion of Ukraine by Russia has caused global markets to tremble. Russia and Ukraine account for less than 2% of world commerce, but they account for a significant portion of numerous commodities: the area produces 37% of global palladium, 17% of natural gas, 13% of wheat, 12% of oil, and 9% of nickel. The sanctions placed on Russia, as well as the supply chain interconnections, are sure to have an influence on global commerce and finance. The impact on commodities, particularly energy, is the key source of concern for the Indian economy. Rising petroleum prices inevitably lead to a depreciation of the rupee, an increase in inflation and the budget deficit, and a slowing of GDP growth. A 10% increase in petroleum prices is predicted to lower GDP growth by 20 basis points, raise inflation by 40 basis points, and worsen the current account deficit. This article is a review about the after effect of Russiun-Ukraine war on the Indian Economy.
Keywords:
Russiun-Ukraine war, effect on Indian Economy, Lesson for India.
Cite Article:
"Russia-Ukraine war: Impact on Indian Economy", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 4, page no.303-309, April-2022, Available :http://www.ijnrd.org/papers/IJNRD2204035.pdf
Downloads:
000118746
ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Facebook Twitter Instagram LinkedIn